How to Create a Preferred Supplier Program

Where to start? The first step in creating a preferred supplier program is to partner with your procurement department — if you have one. Together you will draft detailed Request for Information (RFI) and Request for Proposal (RFP) documents that will be sent out to potential suppliers.
How do you find suppliers to include in the RFI? Determine who your company's existing suppliers are, reach out to industry associates to see who they are using, use industry associations and meetings to ...

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